Discover the fascinating world of currency correlation pairs, where certain currency pairs move together while others move in opposite directions, a phenomenon that can impact your trading decisions.
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How to Use Currency Correlations to Your Advantage
To be an effective trader, understanding your entire portfolio’s sensitivity to market volatility is important. This is particularly so when trading forex. Because currencies are priced in pairs, no ...
EUR/USD has been regarded by many as a “Risk Currency” e.g. EUR/USD will rally when market is optimistic and upbeat about the economy, and vice versa. The antonym of “Risk Currency” would be “Safe ...
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